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by DTSC
Fri May 22, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3957

Re: Not able to max out all the retirement accounts

For once, I am suggesting that someone take a break from reading posts here. Bogleheads save obsessively and entirely skews one's perspective. Your family is making $120K and spending only 1/2 of it. You're doing fine. Don't compare yourself to people here. IMHO, your husband should not sacrifice ti...
by DTSC
Thu May 21, 2015 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4212

Re: Career Advice: Follow "Passion" or Follow the Money?

What, if any, are your plans for family/children? Many of my neighbors are in management consulting. They travel *a lot*. Some are gone weeks at a time. Their spouses are basically single parents (albeit with much more money to spend).
by DTSC
Thu May 21, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Apply Medical school advice
Replies: 17
Views: 1580

Re: Apply Medical school advice

Physician here. I would give it 1 line (and only 1 line) under "Hobbies/interests" Certainly no one will hire someone based on video game playing ability. Despite your feeling that video games are a waste of time, many many people enjoy playing video games. If that one line catches an inte...
by DTSC
Tue May 19, 2015 4:01 pm
Forum: Personal Consumer Issues
Topic: South Bend to Chicago to Milwaukee
Replies: 18
Views: 1170

Re: South Bend to Chicago to Milwaukee

You can buy some fireworks in Indiana. Can't get them in Illinois
by DTSC
Tue May 12, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Which Company Do You Have Auto Insurance With?
Replies: 105
Views: 5329

Re: Which Company Do You Have Auto Insurance With?

GEICO.

Got the 10% discount for owning a few shares of BRK.B too!
by DTSC
Mon May 11, 2015 2:31 pm
Forum: Personal Consumer Issues
Topic: New wall mount--Upgrade to new, lighter model TV?
Replies: 5
Views: 426

Re: New wall mount--Upgrade to new, lighter model TV?

If you want to upgrade the TV, by all means do so. However, they make mounts to support even heavier weights, such as this one http://www.monoprice.com/Product?c_id=109&cp_id=10828&cs_id=1082821&p_id=12280&seq=1&format=2 You can always buy a mount which supports the next size (or...
by DTSC
Tue May 05, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5658

Re: Should I purchase an Umbrella policy?

I'd go with the $12
by DTSC
Fri May 01, 2015 12:49 pm
Forum: Personal Consumer Issues
Topic: Oh Hail! [fix hard to see hail damage to car?]
Replies: 24
Views: 1626

Re: Oh Hail!

I would keep the money. If you don't wash the car, the dust and dirt will cover the dimples!
by DTSC
Fri May 01, 2015 12:47 pm
Forum: Personal Consumer Issues
Topic: Electrical extension cord for a major appliance
Replies: 16
Views: 1208

Re: Electrical extension cord for a major appliance

Just make sure the wire thickness is adequate for the amount of power the appliance is going to draw. If in doubt, find out how many watts your appliance requires (most have a label on the back - can take a picture of the label) and talk to the knowledgeable people at a local hardware store.
by DTSC
Wed Apr 29, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1444

Re: 25 Y/O - where to put surplus money

Do you plan to have more education in the future? If so, consider a 529 plan.
by DTSC
Sun Apr 26, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: How hard is it to set up a solo 401k?
Replies: 15
Views: 1352

Re: How hard is it to set up a solo 401k?

If you plan to go back door Roth and have old IRAs, open your account at Fidelity rather than VG as VG does not allow rollover of old IRAs into the solo 401k. Fidelity does
by DTSC
Wed Apr 22, 2015 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Wife would like employment advice from the Bogleheads
Replies: 31
Views: 3289

Re: Wife would like employment advice from the Bogleheads

The *culture* at the VA is what she should consider strongly. As others have noted, the pace is quite a bit slower than the private sector. Some people like it, others cannot stand it. Of course, being a qualified nurse, she can always change jobs again if she doesn't like it there.
by DTSC
Tue Apr 21, 2015 8:41 pm
Forum: Personal Consumer Issues
Topic: European Cruises
Replies: 29
Views: 1824

Re: European Cruises

Mel, I've heard good things about river cruising, but that it's most suited for couples rather than families. Is that true? It seems that OP will be traveling as a couple, so that is a good fit. OP, I spent the most wonderful Christmas in Rome a few years ago. You've given me ideas now about a retu...
by DTSC
Tue Apr 21, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Have a saved enough to retire?
Replies: 18
Views: 1993

Re: Have a saved enough to retire?

Are you male or female? Women statistically live longer
by DTSC
Tue Apr 21, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: My professor gave me textbooks I later sold. Taxable?
Replies: 19
Views: 1120

Re: My professor gave me textbooks I later sold. Taxable?

Better still:

1. Get Tax ID as a sole proprietor business
2. Open solo 401K plan
3. Apply earnings to fund 401K
by DTSC
Mon Apr 20, 2015 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 4854

Re: Paying for GFs school - any way to help myself?

Go for it. You are already helping yourself. Generosity is its own reward. Sounds like this one's a keeper and you're building your relationship. You're making good money at a young age and $10K is not much in the big scheme of things. It's not like you're blowing the money on booze and strippers. J...
by DTSC
Sun Apr 19, 2015 10:08 pm
Forum: Investing - Theory, News & General
Topic: Sad calculation (max IRA contributions)
Replies: 18
Views: 1221

Re: Sad calculation (max IRA contributions)

How does one not get Social Security after working 40 years? Or put another way, how did s/he get away with not paying Social Security tax all those years?
by DTSC
Sat Apr 18, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: Opticians [Purchasing eyeglasses]
Replies: 13
Views: 1381

Re: Opticians

Let me make sure I understand this - you buy frames from the local optical shop, but lenses from Zenni, and the local shop will put them in? Why not get the complete pair from Zenni? Depending on the prescription, you probably won't risk very much money. I've had excellent experience with Zenni opti...
by DTSC
Fri Apr 17, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5658

Re: Should I purchase an Umbrella policy?

DTSC you wrote, "$330 represents 1.8% of his annual income...". Are you saying that's good or not good? I would consider 1/50 of my (or anyone else's) annual income a sizable amount. My family's income has varied a lot over the years, but spending on anything costing over 1% of our income...
by DTSC
Fri Apr 17, 2015 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5658

Re: Should I purchase an Umbrella policy?

Get it. It is relatively cheap. It gives you much better protection, for much less money. If you are eligible, get it now. You never know when an accident will occur and you will no longer be eligible for some period of time. No offense, but you don't have $1m in assets, so why do you need so much ...
by DTSC
Thu Apr 16, 2015 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Can I open solo 401K on 2500$ self employed income
Replies: 18
Views: 1366

Re: Can I open solo 401K on 2500$ self employed income

Maybe Vanguard changed its policy. My experience is from 1.5 years ago. My wife had a Vanguard solo 401K plan and SEP and rollover IRA's with Vanguard as well. They would not allow rollover into the 401K. We had to open a Fidelity solo 401K to roll those IRA's into it. SEP IRAs and rollover IRAs ar...
by DTSC
Thu Apr 16, 2015 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can I open solo 401K on 2500$ self employed income
Replies: 18
Views: 1366

Re: Can I open solo 401K on 2500$ self employed income

Just crashing someone else's thread - does Vanguard not accept ANY rollovers? Or do they just not accept IRAs? In other words, could I roll over an old employer's 401k into a Vanguard solo 401k? Vanguard's Individual-401k details state they accept rollovers from qualified plans (like a 401k). I don...
by DTSC
Thu Apr 16, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5658

Re: Should I purchase an Umbrella policy?

No offense, but you don't have $1m in assets, so why do you need so much coverage? Why would a settlement necessarily be limited to a person's assets? Couldn't it also involve future earnings? In that case a 22 year old engineer needs $3M of coverage?? (Let's say he makes $60K per year and works fo...
by DTSC
Wed Apr 15, 2015 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 54
Views: 5658

Re: Should I purchase an Umbrella policy?

No offense, but you don't have $1m in assets, so why do you need so much coverage?
by DTSC
Wed Apr 15, 2015 10:29 pm
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5402

Re: How to (diplomatically) challenge wife's active mgmt fun

If it's only 2% of the entire portfolio, it's probably not worth the aggravation.
by DTSC
Wed Apr 15, 2015 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can I open solo 401K on 2500$ self employed income
Replies: 18
Views: 1366

Re: Can I open solo 401K on 2500$ self employed income

Open the solo 401K at Fidelity, not Vanguard. Fidelity accepts incoming rollovers, Vanguard does not. I know from personal experience.
by DTSC
Wed Apr 15, 2015 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do I find a good local Financial Adviser?
Replies: 20
Views: 1562

Re: How do I find a good local Financial Adviser?

Is there a good reason why you cannot do this yourself? Nothing you asked about requires a rocket scientist. Thanks for your reply but I asked how to find a financial planner that met my criteria...that's it. I didn't ask about retirement saving, life ins, etc. I feel like I'm a fairly well informe...
by DTSC
Mon Apr 13, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to [Financially] Prepare for a Baby
Replies: 42
Views: 3819

Re: How to Prepare for a Baby

Also remove the words "free time" and "hobby" from your vocabulary Make sure you have enough life and disability insurance. See if there is a freecycle group near where you live. Garage sales are a great source of baby stuff, especially if there are wealthier neighborhoods near y...
by DTSC
Sun Apr 12, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: A 100% newbie asking for advise desperately
Replies: 10
Views: 790

Re: A 100% newbie asking for advise desperately

Since today is very close to the tax deadline, make sure both of you have made IRA or Roth IRA contributions for 2014. Re-file your 2014 taxes if necessary. Stay at home spouses can still make IRA contributions, up to $6000 per year.
by DTSC
Sun Apr 12, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 17602

Re: Cost of College & Weighing the Merits of Top Schools

..., its in the connections made outside it. I was amazed once to find out that I was hired because of who I knew and not what I knew. I think that's how some lobbyists make their money, too. Yes, connections=money. Sad,but true. Connections also = get admitted to HYPS. Whether you like them or agr...
by DTSC
Thu Mar 26, 2015 1:59 pm
Forum: Personal Consumer Issues
Topic: Need a tablet maybe
Replies: 26
Views: 2060

Re: Need a tablet maybe

I don't suggest buying budget $50-80 tablets unless you can try them first. They tend to be slow and buggy (especially if they have bloatware on them). My personal opinion is to get one of the following android tablets (or something similar) Nexus 7 - 2013 model LG G Pad 8.3 - V500 (So, the Wifi on...
by DTSC
Thu Mar 26, 2015 1:52 pm
Forum: Personal Consumer Issues
Topic: Need a tablet maybe
Replies: 26
Views: 2060

Re: Need a tablet maybe

I've used iPads as well as 2 Windows 8 tablets (Lenovo Miix 2 and currently an HP Pavilion x2 10 inch). The Windows devices are significantly cheaper but the user experience is also, IMO, much inferior to the iPad. As an example, whenever you touch on a form to enter data, the onscreen keyboard auto...
by DTSC
Mon Mar 23, 2015 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 67
Views: 5704

Re: Excess Cash - Play Monopoly or Repay Debt?

OMG! I get dizzy seeing how much debt you have. I wouldn't be able to sleep if I had close to $1.5M in debt. To each his own...
by DTSC
Fri Mar 13, 2015 8:49 am
Forum: Personal Consumer Issues
Topic: An arm and a leg ... for a middle finger?
Replies: 32
Views: 3739

Re: An arm and a leg ... for a middle finger?

Specialists costs a lot, but $750 for 3 visits isn't out of the norm for pricing for a specialist. I pay $125 MINIMUM for a Miele dishwasher repair guy just to show up at my house, and that doesn't even cover a cent of the repairs or parts. I pay him as much as I do to see a surgeon for an office v...
by DTSC
Thu Mar 12, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: 31 Year Old Seeking Financial Guidance
Replies: 46
Views: 4541

Re: 31 Year Old Seeking Financial Guidance

At the risk of piling on, you definitely don't need to spend $56 per month on tobacco and alcohol, especially tobacco. Smoking costs you triple - in your health (3-4x heart attack risk versus non-smoker in your age group), cigarette money itself, and it also raises your life insurance premiums. $38 ...
by DTSC
Tue Mar 10, 2015 1:52 pm
Forum: Personal Consumer Issues
Topic: Buying New Used Car - Input Appreciated
Replies: 27
Views: 2266

Re: Buying New Used Car - Input Appreciated

Depends on how much you drive and cost of gas in your area. I personally own a Mazda 3 with the Skyactive package. One of the reasons I bought it is that I get close to 30 mpg in the city and 40 on the highway. It's also a pretty peppy and fun to drive car, for that size and price range.
by DTSC
Tue Mar 10, 2015 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a 401k plan with mega backdoor ROTH
Replies: 8
Views: 847

Re: Looking for a 401k plan with mega backdoor ROTH

Speaking only with experience of dealing with my wife's solo 401K plan with Vanguard, Vanguard does not accept incoming rollovers from your other (old) IRA's. However, Fidelity does. That's strange. I have a friend who works for an employer with Fidelity serving as the 401k plan administrator. They...
by DTSC
Mon Mar 09, 2015 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a 401k plan with mega backdoor ROTH
Replies: 8
Views: 847

Re: Looking for a 401k plan with mega backdoor ROTH

Speaking only with experience of dealing with my wife's solo 401K plan with Vanguard, Vanguard does not accept incoming rollovers from your other (old) IRA's. However, Fidelity does.
by DTSC
Sun Mar 08, 2015 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: finance a car or not
Replies: 28
Views: 2350

Re: finance a car or not

Why borrow money when you don't have to?

One thing to remember: if you don't finance, you can have a higher deductible when you buy comprehensive/ collision insurance (i.e. self insure the difference) and pay lower premiums.
by DTSC
Thu Mar 05, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 68
Views: 6051

Re: not sure about my adviser

Isn't my advisor going to call me and ask "What happened?" Doesn't there have to be some kind of formal closure with the FA? 2 words: Screw him. After all, he's been screwing you for years! I don't even need to look at the funds in your portfolio to know that you're being screwed. You sim...
by DTSC
Mon Mar 02, 2015 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming theft on tax return
Replies: 4
Views: 566

Re: Claiming theft on tax return

Thanks for the advice. I didn't realize about the 10% of AGI business. Oh well...
by DTSC
Mon Mar 02, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming theft on tax return
Replies: 4
Views: 566

Claiming theft on tax return

I am wondering if wise Bogleheads have had experience with this situation. We were visiting my mother-in-law last week. Unfortunately, her home was burglarized when we were there. Her laptop and iPad were stolen. I had a computer and iPad stolen along with hers. All told, she lost maybe $2000 worth ...
by DTSC
Mon Mar 02, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Need advice. My wife is starting a small business
Replies: 25
Views: 2826

Re: Need advice. My wife is starting a small business

Recommend using Fidelity for solo 401K as they allow rollovers into the plan - in case she has old IRA's she wishes to roll into the 401K. If that's not an issue, using Vanguard is fine. Vanguard does allow electronic transfers to fund the 401K, while with Fidelity you have to mail a paper check. Be...
by DTSC
Thu Feb 26, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 10203

Re: physicians [Frustrated, considering early retirement]

The letter carriers are out in this, all day, day after day. I am pretty sure not many doctors are: http://s3.amazonaws.com/media.wbur.org/wordpress/1/files/2013/02/0209_snow-cars-620x413.jpg You also may be surprised by the burn out rate at the post office. Friend of mine had to basically quit his...
by DTSC
Wed Feb 25, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Chase for everyday banking
Replies: 28
Views: 2159

Re: Thoughts on Chase for everyday banking

I use a Alliant Credit Union and get interest checking with no fees.

I am happy to have paid off my mortgage, which was sold to Chase, so that I will have no further dealings with them ever again.

They are too big to fail and I'm doing my very minor part to make them just a little smaller.
by DTSC
Wed Feb 25, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 10203

Re: physicians

We really did save her life and I was particularly worried that despite "getting her back" she had suffered a severe hypoxic brain injury. I can't tell you how happy I was to go down to the ICU a few hours after admitting her, see her extubated, and get a hug and kiss from her. That singl...
by DTSC
Wed Feb 25, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 10203

Re: physicians

Always on verge of burn out here. Saving 40% of my gross income but started medical career and having children late, so probably won't be able to get out until my 60's, if I live that long... I try to AVOID Sermo. Misery loves company, but only to a point. After a while there's just too much negativ...
by DTSC
Fri Feb 13, 2015 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Rooting for stock to go down to sell?
Replies: 22
Views: 1802

Re: Rooting for stock to go down to sell?

Why would anyone *ever* wish to lose money or stock value? Having to pay tax, as long as it's not 100%, is always a good thing as it means you made at least some money.
by DTSC
Wed Feb 11, 2015 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Request rec for cell phone for thrifty senior
Replies: 7
Views: 342

Re: Request rec for cell phone for thrifty senior

Thanks for the suggestions! The Tracfone looks attractive due to the low initial cost. I don't know if she'll ever use up $100!
by DTSC
Wed Feb 11, 2015 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Request rec for cell phone for thrifty senior
Replies: 7
Views: 342

Request rec for cell phone for thrifty senior

My mother-in-law who lives in Los Angeles is finally interested in getting a cell phone. She just wants to keep it in her purse for emergencies. We don't anticipate that she will use more than 30-60 minutes per month, if even that much. She does not travel much more than 5 miles from her home. She w...

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